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Written by: Yuan Shu
2020-10-20 18:55
Last update date: 2020-10-20 18:57
The new crown pneumonia epidemic is raging around the world. With the implementation of "customs closure" prevention and control measures in many countries, the tourism industry has almost ceased, and airlines have also fallen into an unprecedented "ice age". It is accused of paving the way for layoffs, and news of substantial layoffs has recently spread.
"Hong Kong 01" received news today (20th) that the reorganization plan has basically been determined and will be announced tomorrow as soon as possible.
According to information received earlier, more than 4,000 layoffs may be involved.
The South China Morning Post also quoted news today that Cathay Pacific originally planned to lay off 8,000 employees worldwide, but after the intervention of the Hong Kong government, the rate of layoffs was reduced by 18%, involving approximately 6,000.
There is also news that Cathay Pacific plans to abolish the "Cathay Dragon" brand in its restructuring plan, but still plans to retain mainland routes and integrate its manpower and resources with Cathay Pacific.
"Hong Kong 01" has inquired with Cathay Pacific.
News: The restructuring plan has been scheduled to be announced as soon as tomorrow
In the context of the global pandemic of the new crown pneumonia epidemic, Cathay Pacific has repeatedly reported that it will lay off employees. In addition, it has not applied for the second phase of the government’s job guarantee earlier, which indicates that the layoff plan is imperative.
Hong Kong 01 received news that Cathay Pacific’s restructuring plan has been finalized and will be announced as soon as tomorrow.
Earlier, Hong Kong 01 also received news that the number of layoffs in Hong Kong will exceed 4,000, which is similar to the previous layoffs of Singapore Airlines.
In addition, there is news that front-line air and ground crews are "high-risk", and that employees who are also internally transferred for the first three years and three years before retirement are "high-risk targets." The impact of the Engineering Department is relatively minor.
As for pilots, it is pointed out that Cathay Pacific intends to retrench old pilots who received a basic salary at an earlier time, while new pilots whose salary is calculated based on the number of flights will be less affected.
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South China Morning Post: Hong Kong government pressured the number of layoffs to reduce nearly 20%. Cathay Pacific and Cathay Dragon will merge
The South China Morning Post also received news today that Cathay Pacific plans to lay off 8,000 employees globally, equivalent to 25% of all employees. However, under pressure from the Hong Kong government, the rate of layoffs has been reduced to 18%, and the number of layoffs worldwide has dropped. About 6000 people.
The South China Morning Post also quoted news that Cathay Pacific does not really need to retain the two brands under the current financial situation. It is expected that Cathay Pacific and Cathay Dragon will merge, and the manpower and resources will be retained as much as possible, including the local aircraft of Dragonair. In order to maintain the company’s leading position in the region.
In addition, in this layoff plan, severance compensation will be superior to the labor law.
Rumors will lay off all Dragonair employees and Dragonair Union: rumors cannot be trusted
In an interview with "Hong Kong 01", Vice Chairman Liang Peiyun of the Dragon Air Crew Association said that there have been news of layoffs in the past, but the information was not confirmed. The management only replied that there was information before replying. All colleagues were worried and affected.
Liang said that he has collected the opinions of his colleagues, and most of them hope that "no one is missing." Colleagues are willing to offer wages or benefits in exchange for reserved positions.
It is rumored that Cathay Pacific will lay off all employees of Dragonair. Liang said that the rumors cannot be fully believed. He emphasized that Dragonair has extensive experience in inland routes and Southeast Asian routes. Dragonair has its own value and hopes to discuss restructuring plans with the company. This rumor is good for the company."
Earlier, Cathay Pacific Air Services staff met with Cathay Pacific’s management several times to express their desire to survive the difficult times with the company and also hope to retain their positions.
The union has proposed extending voluntary unpaid leave and re-launching the "half-time flight plan". It also hopes that even if the company intends to lay off employees, it can first launch a voluntary severance plan and provide severance pay or long service payment to employees.
However, no consensus was reached at the meeting.
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